Investment Strategy for Children

here are other open ended children's funds from hdfc, icici, tatas and lic for kid's growth
plan. ask your financial advisor to explain each fund before picking up the right fund. always
invest for a goal and not for a child. know how much you need to pay for college or to
achieve any other goal by doing reality checks. stay with a disciplined investment plan. the
key to successful investing for children is to make it an important part of your budget.
choose your investment and contribute the same amount month after month. if your child is
a newborn or up to age 6, keep all of your funds in aggressive stocks or funds. with 14 to 17
years before your child starts college, you can accept a higher level of risk and aim for
maximum growth. if your child is older and you're just starting to invest, you may not want
to take the most aggressive approach. if you have only one or two years left before college,
you're better off making no investments at all. look for some conservative investment
options. always remember: don't let your child's education cost you your own financial
future.